mergers & acquisitions new orders strategic partnerships
Zen Technologies will invest up to ₹6.56 crore to acquire a majority stake in TISA Aerospace Private Limited.
The investment includes acquiring 2,06,518 equity shares (54.67% of equity) and 4,00,000 compulsory convertible debentures of TISA.
Zen Technologies has entered into a CCD Purchase Agreement, a Share Purchase Agreement (SPA), and a Shareholders’ Agreement (SHA) on June 21, 2025, related to the transaction.
TISA Aerospace is involved in the design and development of UAVs for the defence industry. Its turnover for FY 2024-25 was ₹1.81 crore.
The acquisition will allow Zen Technologies to enter the unmanned aerial vehicle (UAV) segment and expand its defence portfolio.
The acquisition is expected to be completed by Q2 of FY 2025-26, pending customary closing formalities.